DC Metro Area Mid-Week Market Report | April 2024 Week 3
By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
Welcome back to our weekly market update, where we take a closer look at the latest happenings in the real estate world. Let's dive right in and see what's been shaking up the scene this week.Contracts on the RiseIt's official - contracts are on the rise, and they're exceeding numbers from last year. For the week ending April 14, new contracts surpassed those from the same week in 2023 by a solid 10.4%. And that's not all - there was a whopping 15.4% jump in new pending contracts compared to just last week.Canceled Listings on the RadarHere's the scoop: canceled listings are spiking, surpassing last year's numbers. With 332 canceled listings in the Bright MLS service area this week, that's a hefty 19.9% surge from the same week last year. Sellers might be hitting pause, waiting for the ...
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